15 12 3 EXAM # Chapters 8 and 9 F H 4 3) The following information is taken from Bellows Corporation's inventory records Women's Men's Children's 618 Apparel Apparel Apparel Selling price $180,000 $140,000 $120,000 Cost 128,000 133,000 90,000 Replacement 9 cost 120,000 130,000 110,000 10 Selling costs 18,000 14,000 12,000 11 12 Normal profit margin is 20% of the selling price. What is the correct inventory value for each product using the lower of cost or market? 13 14 15 16 17 18 19 20 21 Women's Apparel Product Cost 22 Men's Apparel Children's Apparel 23 Prepare any journal entries required to write down the inventory value.